In pancakeswap there are much much better liquidity providers that give you insane returns, just recently my friend found one that gave 2x a day, obviously that looked as downfall as downfall gets and in 3 days it was basically nothing, it was basically a worthless token, but for like 2 days he made enough to cover every loss he had in the end, which is what these kinds of risky moves are all about.
This is why I think pancakeswap LP is just another deal, you can't really just look at 17.5% and think that "it may be too good to be true" because it is not, it is not even good let alone too good, it is mediocre, hell even eth proof of staking was 5-6% or something, so to have a LP that pays that much is normal. Believe me, if you keep searching for more, you will end up with finding a ton of stuff that pays a lot and that will peak your interest a lot more.
Topic: Usdc-busd-lp in pancakeswap is good investmwnt (Read 83 times)
Usdc-busd-lp is liquidity pool in pancakeswap. My confustion is
Usdc and busd are stable coins so investing on this risk free?
Apr is 17.5%
What are the disadvantages of proving lp to this types of pools
Can anyone explain this ?
Somehow risk free if it's stable coins but you'll never know if something goes wrong to the platform and that's the alternative risk that you're taking.Usdc and busd are stable coins so investing on this risk free?
Apr is 17.5%
What are the disadvantages of proving lp to this types of pools
Can anyone explain this ?
But if you believe on that lp then you should be worry free putting that on that pool and wait until you take the APR after a year. It's a long time of wait and can you bear that long just to earn 17.5% of interest?
There should be no risk involved around the token itself since both of them are stablecoin. the price should not go down that much and will not cause any lose to us if it does not.
indications of hacking are going anywhere, we just need to be observant, besides this stable coin must also move every time we make an exchange at Pancakswap. safe well to minimize unwanted things from happening. But so far, the investment technique there has been quite profitable, coupled with the funding of the IDO program which is currently being pounded by many investors. Following the IDO / ICO at Pancakswap is clearly very profitable. with a note filtering which coins / tokens have great potential. because such an investment has a high enough level of risk.
There should be no risk involved around the token itself since both of them are stablecoin. the price should not go down that much and will not cause any lose to us if it does not.
but there is a risk involving the platform itself, like hacking or rug pull.
it just happened on meerkat finance yesterday, there is no reason to not believe it will happen to the others too right?
but there is a risk involving the platform itself, like hacking or rug pull.
it just happened on meerkat finance yesterday, there is no reason to not believe it will happen to the others too right?
I'm not a DeFi expert but I think the APY that's being provided was really high I'm not sure about this but I think the disadvantage of providing liquidity is if one of the coins drop price it will greatly affect to your investment.
Usdc-busd-lp is liquidity pool in pancakeswap. My confustion is
Usdc and busd are stable coins so investing on this risk free?
Apr is 17.5%
What are the disadvantages of proving lp to this types of pools
Can anyone explain this ?
Usdc and busd are stable coins so investing on this risk free?
Apr is 17.5%
What are the disadvantages of proving lp to this types of pools
Can anyone explain this ?
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